5.PF.10

Money Flow

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Game Info for Teachers

COMBINED RATING

4.3 Stars

TEACHERS (38)

4.6

STUDENTS (7983)

4.1

LENGTH

14 Minutes

GRADES

CAPABILITIES

iPad Support

Spanish Language Support

Text-to-Speech Support

Description

Money Flow is a game where you'll learn how to manage your finances, learn how to balance a budget, create passive income and become financially independent. You'll about taxes, income, payments and much more. Develop your personal finance skills and strategy.

Vocabulary Words

credit card

check

debit card

gross income

net income

income tax

sales tax

passive income

property tax

payroll tax

budget

financial institutions

sales tax

Instructions

Play through this interactive game to learn about 5th Grade Personal Financial Literacy. Suitable for Grade 3, Grade 4, Grade 5.

Main Concepts

Define income tax, payroll tax, sales tax, and property tax.

Explain the difference between gross income and net income.

Identify the advantages and disadvantages of different methods of payment, including check, credit card, debit card, and electronic payments.

Develop a system for keeping and using financial records.

Balance a simple budget.

Discussion Questions

Before the Game

When do you know an investment is a wise decision? If you get paid $1000 per week net, about how much would you take home gross? What is the difference between income and an expense? What are taxes? What are things that would be included in your total monthly expenses? What are ways you could increase your income?

After the Game

Why is Net Income more than Gross income? What are the advantages of cash over a credit card? What are the pitfalls of using a check for payments? When do you have to pay property taxes? When do you have to pay sales tax?